Gain from Flat Sale Classified as Long-Term Capital Gain u/s 50C; Relief Ordered by Commissioner of Income Tax.

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....Characterization of gain on sale of flat - Short term capital gain or Long term capital gain - valuation u/s 50C - conversion of stock in trade into capital asset - Cost of construction - CIT(A) rightly treated the same as LTCG and directed the AO to grant some relief.....